Looking to balance out your exposure to SLGN? The ETFs below have the lowest correlation with SLGN — they tend to move on their own, which can help reduce risk when SLGN drops. The stock ideas table highlights individual companies that behave independently from SLGN.
No Diversifiers Found for SLGN
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLGN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLGN and solid risk/return profiles. The least correlated is EMCOR Group, Inc. (EME) (Industrials) with a 1Y correlation of 0.11, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EMCOR Group, Inc. | 0.11 | 0.20 | 0.29 | 84 | Industrials | |
| Sonoco Products Company | 0.62 | 0.62 | 0.63 | 53 | Consumer Cyclical |
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